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BAY AREA NEWS
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Miramar Capital Buys 50k sf Silicon Valley Office Property

9/11/18

Miramar Capital has acquired 700 East El Camino Real, a three-story, 49.6k sf Class A office property in Mountain View. The property was sold by TA Realty.

Built in 1985 and situated on just over two acres, 700 East El Camino Real underwent an extensive renovation in 2017. The renovation included the addition of a new communal patio area, renovated common corridors and restrooms, and new exterior signage along East El Camino Real. Additionally, several tenant suites were converted to creative spaces. The property is approximately 91% occupied by seven tenants from a mix of industry sectors.

The property is centrally located in the heart of Silicon Valley along Hwy 85, providing quick and direct access to all of the region. The Silicon Valley office market consists of 84.1 msf of rentable area across nine major cities, and is regarded as one of the top markets in the nation.

NKF Capital Markets Vice Chairman Steven Golubchik and Executive Managing Director Edmund Najera represented TA Realty. Miramar Capital, was self-represented.

“700 East El Camino Real is a recently renovated and institutionally owned and operated asset that is near a number of major Silicon Valley headquarters including Facebook, Google, Oracle and Cisco to name a few,” said Najera. “This property is poised to continue to attract small to mid-sized users that are looking to be within this flourishing tech hub.”






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